Your policy has a maximum amount it will pay to rebuild your home, and that limit should reflect current construction costs. Otherwise, the policy may be enough to rebuild after a total loss like a fire razing your home. And whatever the insurance doesn’t cover, you would have to pay out of pocket.

A new study by the Insurance Research Council found that one in three U.S. drivers nationwide is either uninsured or underinsured in 2023, up 10% since 2017. Nearly every state in the country, except New Hampshire, requires drivers to purchase liability insurance. Despite that, more Americans than ever are choosing to go without it or get just the bare minimum coverage required.

Photos of the crash scene, injuries, and vehicle damage can directly counter attempts to downplay your claims or shift fault. If you are in an accident, you should put it to good use. Many insurance companies also have downloadable apps that let you take pictures and report the claim in real time.

AS A CAR owner, you know it’s never fun to fork out money to fix things like replacing worn-out parts or parts that break, like a belt or a drive shaft. Maintenance is also part of the package. While some maintenance tasks may not be urgent, there are four items on the car that you should replace when they are worn or damaged: your tires.

Due to the complexity of these vehicles and higher repair costs, even the least expensive EVs like the Chevy Bolt and the Nissan Leaf cost more to insure than gas-powered cars that are larger.

IF YOUR home has been damaged by a natural disaster, a fire, or a long-term effect like mold growth, you would naturally file a claim with your homeowner’s insurance company. But what if you don’t contact the company right away?

If you have an adult child whom you are still paying some expenses for, or they are studying in college — living either away from you or at home — you could still be held liable for any damage they cause through their own negligence.

WE’VE TOLD you before about the increasing number of car accidents and vehicular injuries ­ — many of them resulting in deaths – that many observers attribute to distracted driving. But what you may not know is that pedestrian fatalities are now at a 42-year high and seem to be continuing to increase unabated.

Every state has minimum insurance requirements for car owners, specifically bodily injury and property damage liability. Whatever the minimums are, your insurance has to cover them no matter what, but as your car ages, you may consider scaling back on your coverage to save money.

What do you do if your friend has an accident? Will your insurance cover the damage, or does theirs? Though policies will vary, the general rule is that anyone living in your house is typically covered when driving your car, unless expressly excluded on the policy.

The rate hikes continue as car insurers face mounting claims costs due to increasing repair and replacement costs as well as more destructive natural disasters, among other factors. Many of the nation’s largest insurers have been bleeding red ink due to losses in their homeowner’s and auto insurance books of business.

While many people make resolutions to improve themselves — usually focused on organization, health and fitness — as a homeowner you can also resolve to bolster your home to be better prepared for issues that may arise in the coming year and ensure that you are adequately covered.

There are things you could have done to avoid this mess. Fender-benders – or even smaller collisions – don’t have to spiral out of control like this if you take the appropriate precautions and steps.

Personal auto insurance rates continue increasing and even motorists who have had no accidents or moving violations are seeing their premiums climb at some of the highest rates for decades.

Before an accident occurs, it is wise for you to learn how insurance companies determine the value of your vehicle, which will mean one less thing to worry about if it is ever totaled in a crash.